

As a rule, cheaper hardware will deliver lower efficiency and lower profitability. The price of Bitcoin mining hardware varies based on operational efficiency, durability, and computational power. There are three primary factors to consider when choosing the best Bitcoin mining hardware: Price:

The highly specialized nature of ASIC hardware allows Bitcoin miners to mine faster, using less electricity.ĪSIC hardware is now essential to Bitcoin miners. During the first few years of Bitcoin network operation, Bitcoin mining could be performed on virtually any home computer with a relatively powerful CPU.Īs the Bitcoin network grew, however, the computational processes required to secure the Bitcoin network became increasingly complex, forcing miners to shift to more powerful GPUs in order to keep up with demand.Įventually, the need for hardware with high hash power - the speed at which mining hardware operates - resulted in the creation of dedicated ASIC hardware. What to Consider When Selecting Bitcoin Mining Hardwareīitcoin mining has changed dramatically since the launch of the Bitcoin network in 2009. In this article, we break down the 10 best Bitcoin mining hardware machines of 2020, presenting a breakdown of hash rate, power draw, and potential profitability. When assessing ASIC hardware with the intent of Bitcoin mining, you’ll need to weigh up the power of the hardware versus the amount of power it draws, along with the cost of electricity in your region.

These devices have evolved through a highly competitive Bitcoin mining arms race - the Bitcoin blockchain uses vast amounts of processing power in order to solve extremely complex math problems and secure its network, forcing hardware to become progressively more powerful.Įntry-level Bitcoin mining devices can be relatively low cost, while high-performance miners can range up to over $10,000. There are many different ASICs on the market today.

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